SRT Marine Systems: Revenues up 363% to over £25m
SRT Marine Systems has announced a highly robust trading update with four new systems contracts signed worth £182m in the six month period ending 30 September 2023. Like for like revenue was up 363% to £25.5m
Simon Tucker, SRT CEO commented; “This is a solid start to the year. The combination of our transceivers business, a £334m active contract book from multiple sovereign customers, each with long term system development plans and a £1.2bn pipeline of further prospects gives us significantly improved visibility over future financial performance. Both of our businesses are now well established and our future is underpinned by our portfolio of sophisticated technology and products, an established market position, and a global MDA market at the beginning of its growth curve.”
In the interview below, CEO Simon Tucker outlines SRT’s business and growth plans, as well as an overview of their market